LONDON--(EON: Enhanced Online News)--First Trust Global Portfolios Limited (“FTGP”) announces the declaration
of the monthly distribution for First Trust Tactical High Yield UCITS
Fund (the “Fund”). The Fund is advised by First Trust Advisors L.P.

The following dates apply to today’s distribution declaration:

Expected Ex-Dividend Date:

22 February 2017

Record Date:

21 February 2017

Payable Date:

28 February 2017

Dividend per

ISIN

Fund Name

Frequency

Share

IE00BYR50J40

First Trust Tactical High Yield UCITS Fund Class KI (USD)

Monthly

$0.1870 (USD)

About First Trust Advisors L.P.

First Trust Advisors L.P. (“FTA”) is a privately owned US-based
financial services firm and is registered as an investment adviser with
the United States Securities and Exchange Commission. FTA acts as
adviser to a range of Irish domiciled UCITS funds under the First Trust
Global Funds plc umbrella. The Fund’s distributor is FTGP, an affiliate
of FTA. FTGP was established in December 2011 as a UK-based and UK
Financial Conduct Authority (“FCA”) regulated distributor and advisor.
FTA, together with its affiliates, has total assets under management or
supervision in excess of $100 billion as at 31 January 2017. For more
information, visit http://www.ftglobalportfolios.com.

Risks

The Fund’s shares may change in value and may go down as well as up.
You could lose money by investing in the Fund. You may not get back all
of the money you invest.

The Fund is subject to Market Risk, which means that shares of the Fund
may fall in value due to price volatility as a result of various factors
including, but not limited to, changes in interest rates and general
market liquidity.

High yield securities, or “junk” bonds, are subject to greater market
fluctuations and risk of loss than securities with higher ratings. Many
issuers of high yield debt are highly leveraged, and their relatively
high debt-to-equity ratios create increased risks that their operations
might not generate sufficient cash flow to service their debt
obligations. The ability of an issuer of high yield securities to meet
principal and interest payments is considered speculative. High yield
securities tend to be more volatile than higher rated securities, so
that adverse economic events may have a greater impact on the prices of
high yield securities than on higher rated securities.

High yield securities are subject to credit risk, interest rate risk,
and income risk. Credit risk refers to the possibility that the issuer
of a security will not be able to make payments of interest and
principal when due and that the value of a security may decline as a
result. Interest rate risk is the risk that if interest rates rise, the
prices of the fixed-rate instruments held by the Fund may fall. Income
risk is the risk that if interest rates fall, the income from the Fund’s
portfolio will decline as the Fund intends to hold floating rate debt
that will adjust lower with falling interest rates.

Companies that issue loans tend to be highly leveraged and thus are more
susceptible to the risks of interest deferral, default and/or
bankruptcy. Senior floating rate loans, in which the Fund may invest,
are usually rated below investment grade but may also be unrated. As a
result, the risks associated with these loans are similar to the risks
of high yield fixed income instruments. Loans are subject to prepayment
risk. The degree to which borrowers prepay loans may be affected by
general business conditions, the financial condition of the borrower and
competitive conditions among loan investors, among others. The Fund may
not be able to reinvest the proceeds received on terms as favorable as
the prepaid loan.

The use of derivative instruments can lead to losses because of adverse
movements in the price or value of the underlying asset, index or rate,
which may be magnified by certain features of the derivatives. These
risks are heightened when the Fund’s portfolio managers use derivatives
to enhance the Fund’s return or as a substitute for a position or
security, rather than solely to hedge (or offset) the risk of a position
or security held by the Fund.

As the Fund’s investments may be denominated in currencies other than
the Fund’s currency, an investment in this Fund may expose you to
currency risk.

The Fund may invest in one or more Eligible Collective Investment
Schemes which may include schemes managed by the Investment Manager or
its affiliates. As a shareholder of another collective investment
scheme, the Fund will bear its pro rata portion of the expenses of the
other collective investment scheme. These fees would be in addition to
the investment management fees and other expenses which the Fund bears
directly in connection with its own operations.

Neither FTGP nor any of its affiliates, guarantees the performance or
the future returns of the Fund.

There is no guarantee that the Fund will declare dividends.

For more details relating to risks of investing in the Fund, please
refer to the “Risk Factors” section of the Fund’s prospectus.

Important Information

This financial promotion is issued by FTGP of 8 Angel Court, London,
EC2R7HJ. FTGP is authorised and regulated by the UK Financial Conduct
Authority (“FCA”) (register no. 583261). The Fund is not authorised by
the FCA.

Nothing in this document constitutes an invitation, offer,
recommendation or solicitation to engage in any investment activity
including buying or selling any investment including any interest in a
Fund.

The Fund is an open-ended sub-fund of the First Trust Global Funds plc,
an umbrella UCITS fund with segregated liability between sub-funds,
incorporated with limited liability as an investment company with
variable capital under the laws of Ireland with UCITS registered number
514357. The Company is a recognised collective investment scheme (a
“recognised scheme”) for the purposes of section 264 of the Financial
Services and Markets Act 2000, as amended (“FSMA”), of the United
Kingdom. The Fund is not regulated by the FCA. Most of the protections
provided by the UK regulatory system do not apply to the operation of
the Fund and compensation will not be available under the UK Financial
Services Compensation Scheme on its default.

An investment in the Fund is speculative and may not be appropriate for
all potential investors. FTGP does not guarantee the performance of the
shares of the Fund. The value of an investment and income from it can go
down as well as up and may be affected by exchange rate variations.
Investors may not get back the amount invested or lose their entire
investment. Current tax levels and reliefs will depend on the nature of
the holdings. Past performance is not a guide to future performance.

The material in this document is not comprehensive and must therefore be
read in conjunction with the Fund’s prospectus, which contains material
information not contained herein, including the terms of investment and
information regarding investment risks and restrictions, fees and
expenses and conflicts of interests. Potential investors should pay
particular attention to the “Risk Factors” section of the Fund’s
prospectus. No assurance can be given that the Fund’s investment
objective will be achieved or that the Fund will generate a positive
return. Contact FTGP or visit www.ftglobalportfolios.com
to obtain a prospectus and/or Key Investor Information Document
(available in English). Potential investors should conduct their own
investigation and analysis of the Fund and consult its/their own
professional tax, accounting, financial or other advisors as to the
risks involved in making an investment. Potential investors should
consider the Fund’s investment objectives, risk, charges and expenses
carefully before investing.

Nothing contained herein constitutes investment, legal, tax or other
advice nor is it to be solely relied on in making an investment or other
decision. It is not an invitation to make an investment in the Fund nor
does the information, recommendations or opinions expressed herein
constitute an offer for sale of the Fund.

Shares of the Fund are not available for sale in any state or
jurisdiction in which such sale would be prohibited. The shares of the
Fund have not been registered under the US Securities Act of 1933, as
amended, and the Fund is not registered under the US Investment Company
Act of 1940, as amended. Neither this material nor the Fund’s shares are
available to or suitable for US persons.

Whilst every effort is made to ensure the accuracy of this information,
no representation or warranty stated or implied is made or given by any
persons as to the accuracy or completeness of the information contained
in this document and no responsibility or liability is accepted for such
information or opinion.